tldr; Nasdaq-listed Allied Gaming & Entertainment has added Bitcoin and Ethereum to its corporate treasury, marking its first crypto investment. The move is part of a broader strategy to integrate blockchain technology and tokenization into its business, including esports and entertainment. The announcement led to a 105% surge in the company’s stock price. Allied Gaming aims to use digital assets for treasury diversification and to enhance its Web3-native entertainment ecosystem and payment options.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; Nasdaq-listed Allied Gaming & Entertainment has added Bitcoin and Ethereum to its corporate treasury, marking its first crypto investment. The move is part of a broader strategy to integrate blockchain technology and tokenization into its business, including esports and entertainment. The announcement led to a 105% surge in the company’s stock price. Allied Gaming aims to use digital assets for treasury diversification and to enhance its Web3-native entertainment ecosystem and payment options.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.